We predict “Black Fiveday” - a £5bn online sales bonanza
Wunderman Thompson Commerce advises retailers to prepare for £5 billion in online sales – expect end of one-day Black Friday peak
Wunderman Thompson Commerce launches Black Friday 2016 playbook at IMRG Peak Trading conference
Global ecommerce consultancy Wunderman Thompson Commerce today advises retailers to start preparing for five days of peak trading in November. The digital commerce expert that correctly predicted the first £1 billion online shopping day for Black Friday 2015 now predicts an extension to the traditional Black Friday rush with a record breaking £5 billion spent online from Thursday 24th November through to Cyber Monday on the 28th.
Last year, despite the retail industry anticipating the Black Friday rush, digitally-led sales were even higher than predicted. In the US retailers saw a tipping point, as online sales outnumbered offline sales for the first time ever. In the UK, some retailers reportedly suffered website outages due to the high volumes of traffic, while on some sites customers sat in online waiting rooms. This year the heightened shopping period is set to run from Thursday 24th November through to Cyber Monday on the 28th, and retailers should begin planning their online operations during the peak period now.
John Beechen, Head of Managed Services at Wunderman Thompson Commerce, said, “Retailers should think about peak trading as a crisis that they know will happen in advance. Preparation is vital, and retailers should already be considering their business and operational plans for the period. Retailers must also consider contingency plans to respond to issues during the week. At Wunderman Thompson Commerce, we run a cross-client peak operations centre throughout the period to monitor and detect issues before outages and fix problems in real-time. Retailers should be ready to take advantage of the heightened consumer interest during peak trading – and avoid long term damage to the brand through poor customer experience.”
Wunderman Thompson Commerce will share its insights on how to prepare for peak trading at the IMRG’s Managing Peak Performance Connect Conference on Wednesday 15 June. John Beechen, Head of Managed Services at Wunderman Thompson Commerce, will present a speech outlining how retailers should prepare for heightened demand during the busy online period. Wunderman Thompson Commerce will also launch the Black Friday 2016 Playbook at the event, to support retailers in their planning. Through advanced preparations involving the business and operations teams, businesses can cope with the influx of web traffic and protect customer experience.